Examples of Return Payment in a sentence
Floating Rate Payer Payment Dates: Each Total Return Payment Date.
We will charge you a Return Payment Fee of $25.00 each time you pay us with a check that is returned unpaid.
The Periodic Return will be calculated by the Portfolio Manager.A payment of the Periodic Return (a “ Periodic Return Payment”), if any, will be due and payable on 30 June of each year (each a “Periodic Return Payment Date”) with respect to the Financial Year (the “Accrual Period”) immediately preceding the Financial Year in which the Periodic Return Payment Date falls.
The Periodic Return Payment will be regarded as accruing throughout the Accrual Period.
The Issuer may from time to time without the consent of the Security Holders create and issue further securities either having the same terms and conditions as the Securities in all respects (or in all respects except for the first Periodic Return Payment on them) and so that such further issue shall be consolidated and form a single series with the outstanding securities of any series (including the Securities) or upon such terms as the Issuer may determine at the time of their issue.
The Issuer may from time to time without the consent of the Security Holder create and issue further securities either having the same terms and conditions as the Security in all respects (or in all respects except for the first Periodic Return Payment on them) and so that such further issue shall be consolidated and form a single series with the outstanding securities of any series (including the Security) or upon such terms as the Issuer may determine at the time of their issue.
If the Issuer or the Security Holder wishes to dispute such determination, an internationally recognised firm of accountants (acting as experts not arbitrators) will be appointed by the Issuer to determine the amount of the relevant Periodic Return Payment.
If the Portfolio Manager does not determine the amount of any Periodic Return Payment prior to the relevant Periodic Return Payment Date, the Issuer will appoint an internationally recognised firm of accountants (acting as experts not arbitrators) to carry out such determination and such determination shall be deemed to have been made by the Portfolio Manager and shall be binding on the Security Holder, the Trustee the Paying Agents and the Issuer.
The Portfolio Manager will determine, or procure to be determined, the amount of any Periodic Return, whether a Periodic Return Payment is due and payable, and the amount thereof, promptly following the end of the relevant Accrual Period and will notify the Trustee, the Paying Agents and the Security Holder in accordance with Condition 15 of the results of such determination promptly thereafter and, in any event, prior to the relevant Periodic Return Payment Date.
For the purposes of this Condition 5.3, the Periodic Return Payment due on the Securities or part thereof shall be determined as if reference in Condition 4 to “Accrual Period” is reference to the period beginning on (and including) the day following the last day of the preceding Accrual Period or, with respect to the first Accrual Period, the date of incorporation of the Issuer, and ending on (and including) the day falling 30 days prior to the date fixed for redemption of the Securities.